News
Jun 19, 2011
Pico Thailand, the Thai-listed subsidiary of one of the largest exhibition contractors in Asia, Pico Far East Holdings, has announced its results for the six months ended April 30. Revenues for the period were $22 million – an increase of 73 percent, compared with same period in 2010. The company recorded a net profit of $1.5 million in the period, three times the profit of $452,000 recorded last year.
Pico Thailand also reported the results for the quarter ended April 30. Revenues in the quarter were $13 million, a jump of 65 percent, compared with the same quarter last… more
Jun 19, 2011
The Macau Government Tourist Office (MGTO) announced the extension of the “Strategic MICE Stimulation Program” until the end of 2011. The program, originally due to end this month, received wide support from local MICE industry players according to the Macau Convention and Exhibition Association (MCEA).
Launched in May 2009, the program has supported 246 events in total, of which 95 were meetings and conventions, 47 were exhibitions and 104 incentive programs. An estimated budget of $3.4 million will be added to the program during the extension period.
Additionally, the… more
Jun 19, 2011
Everything Channel, a UBM subsidiary, organised its first Indian virtual show, the CRN Virtual Channel Show, May 17-18. The virtual event was presented in UBM Studio’s Virtual Seminar Center.
The online event reportedly attracted more than 600 attendees from across India. UBM reports more than 4,300 videos, documents and whitepapers were downloaded in total and more than 140 attendees on average took part in each live conference session.
Dhaval Valia, associate publisher & executive editor at CRN India edition, said, “The first CRN Virtual Channel Show received an… more
Jun 19, 2011
Medan, the largest city on the Indonesian island of Sumatra is reportedly in the process of establishing the Medan Convention Bureau. The convention and visitor’s bureau (CVB) will help promote the domestic and regional MICE market on Sumatra. The Medan Municipal Government is reportedly in the process of establishing a board for the CVB as well as securing funding for the bureau.
Artur Batubara, executive director of the Sumatra Tourism Promotion Board, was quoted saying there are about 10 PCOs in Medan and two convention and exhibition halls that will open later this year –… more
Jun 18, 2011
Hainan's largest exhibition venue, the Hainan International Convention and Exhibition Center (HICEC) will be completed June 28 after a 17-month construction period. HICEC is made up of a 77,000 square meter exhibition centre, as well as a 42,000 sq. m. convention centre.
The venue will reportedly host nine exhibitions and four conferences within this year and will host the Pan-PRD Regional Cooperation and Development Forum in 2012. The Hainan Provincial government has stated that it will lend financial support to large-scale exhibitions held on the island-province according to its… more
Jun 06, 2011
Macau’s Statistics and Census Service (DESC) has released its statistics on the MICE industry for the first quarter of 2011. The number of MICE participants in the quarter increased an impressive 42 percent, rising from 89,000 in the first quarter of 2010 to 127,000 in the first quarter of this year. The number of events, however, dropped from 331 in the first quarter of last year to 267 this year – a 19-percent decrease.
Amongst all MICE events held in the quarter, 257 were meetings, down 20 percent from last year’s 322, while the number of participants at meetings… more
Jun 06, 2011
Thailand is directly targeting the luxury MICE market with a new initiative that’s part of the Thailand Convention & Visitors Bureau’s “Believe in Thailand” campaign.
The initiative is designed both to extend market penetration in the existing luxury MICE market and also to increase the size of this niche market.
TCEB has selected five “chic and charming” destinations – one each in Bangkok, Hua Hin, Chiang Mai, Phuket and Samui - to offer a “captivating experience and unrivalled standards to the most discerning MICE groups,”… more
Jun 06, 2011
Bangkok Trade Exhibition and Convention Centre (BITEC) announced the signing of a multi-year contract with exhibition organiser Reed Tradex. The deal will anchor Reed’s flagship Asian event Manufacturing Expo to the venue for three years until 2013.
Manufacturing Expo is an umbrella show consisting of InterPlas Thailand, InterMold Thailand, Automotive Manufacturing and Assembly Technology. The show is scheduled to run June 23-26 and also is collocated with NEPCON Thailand, Industrial Components & Subcontracting and Industrial Energy & Environment. In the 2010 edition, the… more
Jun 06, 2011
Messe München International has announced a strategic partnership agreement with Bangkok’s IMPACT Exhibition Management Company. IMPACT is the organiser of Thai construction machinery trade fair CONSTECH. Messe München will partner with IMPACT, as it looks to further expand its portfolio outside of Germany.
CONSTECH is held each year at the IMPACT Exhibition and Convention Center in Bangkok. In its most recent edition, it featured 100 exhibitors covering some 5,000 square meters of exhibition space and attracted 12,000 visitors. The next edition runs from Sept. 22-24.… more
Jun 06, 2011
Marina Bay Sands Singapore now offers MICE clients a state-of-the-art reservation system, Passkey GroupMAX, which allows guests to book, review and modify their hotel reservations via a personalized Web site at any time.
Organizers are able track room block and reservation trends throughout the event, enabling them to optimize their room blocks.
Meeting planners also are able to import room lists in any format to a secure Web location, as well as easily manage room list modifications.
In addition, the system allows them to capture guest information, such as meal preferences and… more
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.